Fit and proper person criteria guide registration eligibility; Board may apply Schedule II intermediaries standards to merchant bankers. Regulation 6A allows the Board to determine whether an applicant or merchant banker is a fit and proper person by taking into account the criteria ... Summary
Securities and Exchange Board of India (Intermediaries) Regulations, 2008
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Fit and proper person criteria guide registration eligibility; Board may apply Schedule II intermediaries standards to merchant bankers.
Regulation 6A allows the Board to determine whether an applicant or merchant banker is a fit and proper person by taking into account the criteria specified in Schedule II of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008; this provision was inserted with effect from 10-3-2004.
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